Trade surplus touches US$ 1.39 billion
15:19 | 22/03/2018

VGP – The trade balance enjoyed  a surplus of US$ 857 million in the first half of March, bringing the total amount to US$ 1.39 billion since the beginning of the year, the General Department of Customs reported. 

Illustration photo

Specifically, in the first half of March, export turnover valued at US$ 9.96 billion, representing a month-on-month surge of 94.1% (equivalent to US$ 4.83 billion). As of mid-March, export turnover fetched US$ 44.42 billion, up 26.5% against the same period last year (or US$ 9.32 billion). 

Meanwhile, in the first half of the third month, import turnover was US$ 9.1 billion, increasing 42.2% against the same period last month (or US$ 2.7 billion). As of mid-March, import revenue hit US$ 43.03 billion, representing a year-on-year growth of 16.2% (or US$ 5.99 billion). 

Hence, the trade balance ran a surplus of US$ 857 million in the first half of March and US$ 1.39 billion since the beginning of the year. 

Statistics showed that the FDI sector contributed the dominant trade surplus. Key hard currency earners included telephones and spare parts (year-on-year surge of 70.7% or US$ 1.12 billion); garments and textiles (up 2.7 times or US$ 788 million); computers and electronic products (up 53.6% or US$ 370 million). 

In the first half of March, export turnover of the FDI sector valued US$ 7.35 billion, representing a month-on-month growth of 84.3% or US$ 3.36 billion. As of mid-March, the sector earned US$ 31.86 billion of export turnover, year-on-year growth of 29.4% or US$ 7.25 billion, accounting for 71.7% of national export turnover. 

The sector imported US$ 25.71 billion of goods (up 16.7%, equivalent to US$ 3.67 billion) since the beginning of the year.

Hence, the FDI sector ran a trade surplus of US$ 1.87 billion in the first half of March and US$ 6.15 billion since the beginning of the year./.

By Khanh Phuong 

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